TREE NEWS reports: The euro gained 0.51% against the dollar to close at 1.1213 in New York on Thursday, October 15, after touching a session high of 1.1241 at 10:58 Beijing time during Asian morning trade and then holding a narrow range for most of the day. Sterling rose 0.62% to 1.3275, while the dollar fell 0.94% against the Swiss franc to 0.8271. Among commodity currencies, the Australian dollar dropped 0.74%, the New Zealand dollar rose 0.40% and the dollar fell 0.35% against the Canadian dollar.
Euro Rises 0.51% to 1.1213 Against Dollar in New York Trading
The euro's gain came alongside broad dollar weakness against the franc and, to a lesser degree, the loonie, while the Aussie fell — a split that points to risk or rate differentials rather than a uniform dollar story. The narrow range after the Asian high suggests the move was largely priced early and lacked fresh follow-through. Whether that dollar softness carries into the next session, or reverses as it did intraday, is the open question.
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